Online Doctor Consultations - BRICS

BRICS

Revenue in the Online Doctor Consultations market is projected to reach US$2.18bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.27%, resulting in a projected market volume of US$2.56bn by 2029.
User penetration will be 1.35% in 2024 and is expected to hit 0.00% by 2029.
The average revenue per user (ARPU) is expected to amount to US$258.40.
In global comparison, most revenue will be generated in the United States (US$2,391.00m in 2024).

Key regions: Japan, South Korea, Canada, Germany, United States

Market

Region

Region comparison

Currency

Analyst Opinion

The Online Doctor Consultations market in BRICS countries is experiencing significant growth, driven by the increasing demand for convenient and accessible healthcare services.

Customer preferences: Customers in BRICS countries are increasingly turning to online doctor consultations for quick access to healthcare professionals, especially in remote areas where traditional healthcare services may be limited. The convenience of consulting a doctor from the comfort of one's home, as well as the ability to avoid long wait times at clinics, are key factors driving the preference for online consultations.

Trends in the market: In Brazil, there is a growing trend towards digital fitness and well-being platforms that offer personalized fitness plans and nutrition advice, in addition to online doctor consultations. This integrated approach to healthcare is gaining popularity among health-conscious consumers in the country. In Russia, the online doctor consultation market is seeing a surge in demand for mental health services, with platforms offering therapy sessions and counseling with licensed psychologists. The stigma surrounding mental health issues is gradually decreasing, leading more people to seek help through online channels. In India, the digital treatment and care segment is witnessing rapid growth, with telemedicine platforms offering virtual consultations, e-prescriptions, and online pharmacy services. This trend is particularly prominent in urban areas where access to healthcare facilities may be limited. In China, the online doctor consultation market is being driven by the increasing adoption of mobile health apps that connect users with doctors for video consultations and medical advice. The convenience and efficiency of these platforms are attracting a large number of tech-savvy consumers in the country.

Local special circumstances: In South Africa, the Online Doctor Consultations market is benefiting from the government's push towards expanding telemedicine services to reach underserved rural communities. The country's large rural population, coupled with limited access to traditional healthcare facilities, is creating a favorable environment for the growth of online consultations.

Underlying macroeconomic factors: The growing middle-class population in BRICS countries, coupled with increasing internet penetration and smartphone usage, is fueling the expansion of the Online Doctor Consultations market. Additionally, the ongoing COVID-19 pandemic has accelerated the adoption of telemedicine services as people seek alternative ways to access healthcare while minimizing the risk of exposure to the virus.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenues and user data of relevant mobile applications and consumer electronics companies.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market market. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, internet penetration, smartphone penetration, consumer spending, and healthcare spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.